OPEC mulls oil supply glut weighing on crude prices
OPEC ministers met to try to work out a deal to tackle rising oil supplies that are weighing heavily on crude prices and the cartel's revenues.
KazMunaiGas to enhance oil recovery at old oilfields
KazMunaiGas, the national oil company of Kazakhstan, presented a new project of enhanced oil recovery at the Annual Caspian Technical Conference and Exhibition of the Society of Petroleum Engineers (SPE) in Astana.
Brazil leader vows no interference in Petrobras probe
Brazil's President vowed not to interfere with investigators probing a scandal at the state-owned oil company Petrobras involving political payoffs.
Oil reserves in Kazakhstan's south to be exhausted in 10-15 years
Crude oil in Kumkol, one of the major oil fields of Kyzylorda Oblast in Kazakhstan’s south, will be exhausted in the next 10-15 years.
Scientists in Kazakhstan suggest turning gas into gasoline
Scientists from Kazakhstan say they've created a technology to transform oil-associated gas into gasoline and diesel.
Shymkent Oil Refinery to receive additional $400 million for modernization
Additional money will be allocated to modernize the Shymkent Oil Refinery on southern Kazakhstan. This will help increase the production capacity of the refinery and make it more environmentally friendly.
Dropping oil prices cast a shadow of unprofitability over Kashagan
The falling oil prices put the entire Kashagan project in question. Kashagan is a huge oil field located in Kazakhstan's sector of the Caspian Sea.
Oil production may steadily decline in Kazakhstan over the next decade: KazMunaiGas Vice Chairman
KazMunaiGas Vice Chairman Tiyesov has spoken in the Mazhilis informing the deputies that Kazakhstan will face a decline in oil production should no new fields be discovered in the upcoming decade.
Communists in Kazakhstan slam decision to abandon construction of oil refinery
The People's Communist Party has tagged the decision to abandon construction of the 4th oil refinery in Kazakhstan ill judged and said problems had to be solved by the government not shifted to the shoulders of the citizens.
Following overhaul at three oil refineries Kazakhstan may face excessive supply of petroleum products
The only potential market available for our petroleum products is that of other Central Asia states with a growing population and a shortage of oil processing capabilities of their own. And Afghanistan as well: Vice Chairman of the Board at KazMunaiGas.
New pipelines to be delivered to Kashagan early 2015
According to the Energy Minister, of today the project subcontractors have purchased around 45 kilometers of pipelines.
Kazakhstan Finance Minister on budget stability
According to him, through transfers from the National Oil Fund to the country’s budget the latter is insured against shocks related to falling oil prices.
Will Kazakhstan cut on social spending amid sliding oil prices?
Experts predict Kazakhstan's actions amid growing pressure at the oil market.
Kazakhstan explores coal-to-oil opportunities
Kazakhstan Minister of Energy said that the country was considering producing synthetic oil from coal.
Kazakhstan to produce crude as long as it brings benefits and is demanded in global markets: Energy Minister
According to him, oil is not a renewable source of energy and we should think of new generations to come and their wellbeing. Therefore we are considering nuclear power capabilities and coal processing.
Death of Total CEO will not affect Kashagan project: Kazakh Vice-Minister of Energy
Tragic death of the CEO of French oil giant Total Christophe de Margerie will not affect the development of Kashagan field in Kazakhstan.
CEO of oil giant Total killed in Moscow plane crash
The CEO of French oil company Total, Christophe de Margerie has died after a private jet crashed at a Moscow airport.
Kazakhstan to export oil to China and Iran should anti-Russian sanctions escalate
The Ministry of National Economy of Kazakhstan is looking for alternative routes in case the West applies additional sanctions against Russia.
Oil prices and currency rates approach alarming levels for Kazakhstan
Financial analyst Anna Kokoreva explains how the oil prices pressure Kazakhstan's economy.
Kashagan project cost may rise again
The cost of Kashagan project is estimated to rise by another $4 billion, Financial Times reports.